The jackpot for the MEGA Millions draw on Fri Oct 17, 2025, is projected to be $625 Million, with an option for a cash payout of $288.8 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Maryland residents, the state will deduct 8.95% from your lottery earnings.
| Maryland MEGA Millions Jackpot/Cash Option for Fri Oct 17, 2025 |
|---|
| Draw Date | Fri Oct 17, 2025 | | Projected Jackpot | $625,000,000 | | Cash Value | $288,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $288,800,000 | | Federal Tax(24%) | $69,312,000 | | Additional Federal Tax | $37,504,330 | | State Tax(8.95%) | $25,847,600 | | Net Lumpsum Payment | $156,136,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,406,875 |
$3,440,874
$841,915 |
$5,124,086 |
| 2 |
$9,877,500 |
$3,615,005
$884,036 |
$5,378,459 |
| 3 |
$10,371,250 |
$3,797,693
$928,227 |
$5,645,330 |
| 4 |
$10,890,000 |
$3,989,630
$974,655 |
$5,925,715 |
| 5 |
$11,434,375 |
$4,191,049
$1,023,377 |
$6,219,949 |
| 6 |
$12,006,250 |
$4,402,643
$1,074,559 |
$6,529,048 |
| 7 |
$12,606,250 |
$4,624,643
$1,128,259 |
$6,853,348 |
| 8 |
$13,236,875 |
$4,857,974
$1,184,700 |
$7,194,201 |
| 9 |
$13,898,750 |
$5,102,868
$1,243,938 |
$7,551,944 |
| 10 |
$14,593,750 |
$5,360,018
$1,306,141 |
$7,927,591 |
| 11 |
$15,323,125 |
$5,629,887
$1,371,420 |
$8,321,818 |
| 12 |
$16,089,375 |
$5,913,399
$1,439,999 |
$8,735,977 |
| 13 |
$16,893,750 |
$6,211,018
$1,511,991 |
$9,170,741 |
| 14 |
$17,738,750 |
$6,523,668
$1,587,618 |
$9,627,464 |
| 15 |
$18,625,625 |
$6,851,812
$1,666,993 |
$10,106,820 |
| 16 |
$19,556,875 |
$7,196,374
$1,750,340 |
$10,610,161 |
| 17 |
$20,534,375 |
$7,558,049
$1,837,827 |
$11,138,499 |
| 18 |
$21,561,250 |
$7,937,993
$1,929,732 |
$11,693,525 |
| 19 |
$22,639,375 |
$8,336,899
$2,026,224 |
$12,276,252 |
| 20 |
$23,771,250 |
$8,755,693
$2,127,527 |
$12,888,030 |
| 21 |
$24,960,000 |
$9,195,530
$2,233,920 |
$13,530,550 |
| 22 |
$26,208,125 |
$9,657,337
$2,345,627 |
$14,205,161 |
| 23 |
$27,518,125 |
$10,142,037
$2,462,872 |
$14,913,216 |
| 24 |
$28,894,375 |
$10,651,249
$2,586,047 |
$15,657,079 |
| 25 |
$30,338,750 |
$11,185,668
$2,715,318 |
$16,437,764 |
| 26 |
$31,856,250 |
$11,747,143
$2,851,134 |
$17,257,973 |
| 27 |
$33,448,750 |
$12,336,368
$2,993,663 |
$18,118,719 |
| 28 |
$35,121,250 |
$12,955,193
$3,143,352 |
$19,022,705 |
| 29 |
$36,877,500 |
$13,605,005
$3,300,536 |
$19,971,959 |
| 30 |
$38,721,250 |
$14,287,193
$3,465,552 |
$20,968,505 |
|
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